Xi urged private businesses to work toward harmonious labor relations and ensure that development outcomes benefit all employees.

He also called for private entrepreneurs to ensure their operations are lawful and in compliance with regulations, carry forward their entrepreneurship spirit and take an active part in public charity.

The number of private businesses in China grew from 10.86 million in 2012 to 47 million last year, with such businesses contributing to over half of the nation's tax revenue, over 60 percent of GDP and more than 80 percent of urban employment, according to the All-China Federation of Industry and Commerce.

In his remarks, Xi also extended festive greetings to women of all ethnic groups and from all walks of life ahead of the International Women's Day, which falls on Wednesday.

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